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Tesla-Backed Nickel Miner Cuts Output After Leak From Dam (1)

Nov. 15, 2022, 8:10 AM

The troubled Goro nickel mine -- one of the world’s largest deposits, which is part-owned by Trafigura Group and backed by Tesla Inc. -- has been forced to reduce production to address a leak from its tailings dam.

Goro, which is located in the South Pacific territory of New Caledonia, reported a “limited release of salt-laden liquid” after heavy rains in August, a spokesperson for owner Prony Resources said by email. Corrective measures required by local authorities mean that nickel output will be reduced in the fourth quarter, the company said.

The nickel mine of Goro in southern New Caledonia in 2015.
Source: Fred Payet/AFP/Getty Images

The cuts at Goro are the latest example ...